RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VAL
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Green day on Thursday for Valaris Limited
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 2.02% PDF

The Valaris Limited stock price gained 2.02% on the last trading day (Thursday, 28th Mar 2024), rising from $73.77 to $75.26. During the last trading day the stock fluctuated 2.63% from a day low at $74.05 to a day high of $76.00. The price has risen in 6 of the last 10 days and is up by 5.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 242 thousand more shares were traded than the day before. In total, 828 thousand shares were bought and sold for approximately $62.34 million.

The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $72.77, a level that may pose a second chance to hit a runner. According to fan-theory $81.31 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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VAL Signals & Forecast

Mostly positive signals in the chart today. The Valaris Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $73.53 and $68.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 19.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Valaris Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $68.48 and $64.65. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Valaris Limited finds support just below today's level at $68.48. If this is broken, then the next support from accumulated volume will be at $64.65 and $64.29.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.95 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 2.88%.

Our recommended stop-loss: $71.15 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (VAL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Valaris Limited to open at $75.10, and during the day (based on 14 day Average True Range), to move between $73.08 and $77.44, which gives a possible trading interval of +/-$2.18 (+/-2.90%) up or down from last closing price. If Valaris Limited takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $68.48, some $6.78 (9.01%) from the current price of $75.26, our system finds the risk reward attractive.

Is Valaris Limited stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Valaris Limited stock to perform well in the short-term period.

Current score: 4.970 Buy Candidate Unchanged

Predicted Opening Price for Valaris Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$75.10 ( 0.208%) $75.26

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VAL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 77.05 2.38 %
R2 76.31 1.39 %
R1 75.85 0.782 %
Current price: 75.26
Support S1 74.36 -1.20 %
S2 73.90 -1.81 %
S3 73.15 -2.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 75.26
Support S1 68.48 -9.01%
S2 64.65 -14.10%
S3 64.29 -14.58%

VAL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 25, 2019 Mar 08, 2019 Mar 22, 2019 $0.0400 0%
2 Nov 06, 2018 Nov 30, 2018 Dec 14, 2018 $0.0400 0%
3 Aug 21, 2018 Sep 07, 2018 Sep 21, 2018 $0.0400 0%
4 May 22, 2018 Jun 01, 2018 Jun 15, 2018 $0.0400 0%
5 Feb 20, 2018 Mar 02, 2018 Mar 16, 2018 $0.0400 0%

FAQ

What is the symbol for Valaris Limited Stock and on which exchange is it traded?
The symbol for Valaris Limited is VAL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Valaris Limited Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Valaris Limited stock to perform well in the short-term period.

How to buy Valaris Limited Stock?
Valaris Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Valaris Limited Stock.

What's the current price of Valaris Limited Stock?
As of the end of day on the 2024-03-28, the price of an Valaris Limited (VAL) share was $75.26.

What is the 52-week high and low for Valaris Limited Stock?
The 52-week high for Valaris Limited Stock is $78.92 and the 52-week low is $54.13.

What is the market capitalization of Valaris Limited Stock?
As of the 2024-03-28, the market capitalization of Valaris Limited is 5.45B.

When is the next earnings date for Valaris Limited?
The upcoming earnings date for Valaris Limited is May 06, 2024.
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About Valaris Limited

Valaris Limited Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, ... VAL Profile

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